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Amazon: revenue mix shift; fulfillment losses; sum of parts valuation (w segment commentary)
First, take a moment to enjoy the most beautiful chart in business history: What’s even wilder than how gorgeous this chart is, is the fact that the mix-shift of revenue is changing in a highly positive way. Every single year (nay, quarter) a growing portion of Amazon’s revenue is derived from its more profitable segments. Lots more coming on that below.